Astra Otoparts Tbk

auto

Overview

AUTO Overview

PT Astra Otoparts Tbk is an Indonesia-based company engaged in manufacturing, trading, and services of automotive components. The Company's business focuses on the production and distribution process of various spare parts for two-wheeled and four-wheeled motorized vehicles in the original equipment manufacturer (OEM) and the replacement market (REM) markets. Its segments include Trading and Automotive component manufacturing. In the manufacturing segment, the Company produces components and assemblies, which are distributed directly to both the automotive manufacturer market and replacement parts market both in the country and overseas through its trading business unit. Its flagship products include GS Astra, Aspira Premio and Shell Advance. The Company also developed a new service, namely Astra Otoservice as a means of periodic maintenance specifically for four-wheeled vehicles for consumers. It operates nine Super Shop&Drive, 365 Shop&Drive, 23 Shop&Bike and 157 Motoquick outlets.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AUTO

Main
Market Cap.
IDR 10.65Trillion

~$0.68B USD

Industry
Auto Components
Sub-Industry
Auto Parts & Equipment
Sector
Consumer Cyclicals

Valuation

AUTO Valuation Metrics

2,210

IDR

Closing Price on 2024-04-05

Price to Equity

5.90

P/E

At 5.90x P/E TTM, AUTO.JK is trading in line with its peers in the Automobiles & Components sector.

Price to Book

0.83

P/B

At 0.83x P/B TTM, AUTO.JK is trading in line with its peers in the Automobiles & Components sector.

Price to Sales

0.56

P/S

At 0.56x P/S TTM, AUTO.JK is trading at a discount to its peers in the Automobiles & Components sector.

Valuing Astra Otoparts Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Automobiles & Components sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Astra Otoparts Tbk relative to other stocks in the Automobiles & Components sector

Price/Cash Flow
4.59x
Price/Forward Earnings
5.49x
Enterprise Value/Revenue
0.41x
Enterprise Value/EBITDA
3.12x
PEG Ratio
0.21x

Analyst Ratings

40
60
80
0
100

82.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR2,2102024-04-05
IDR 2,530.42

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of AUTO is IDR2,530, which is 15% higher than AUTO's last closing price of IDR2,210 (as of 2024-04-05).

Valuation Recap of AUTO stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 5.90x is below the ID market average of 8.22x and is trading at a discount to peers in the Automobiles & Components sector (6.92x). ●●
Max 3
High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 0.83x is similar to the peers average of 0.83x in the Automobiles & Components sector.
Max 3
Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 0.56x is similar to the peers average of 0.92x in the Automobiles & Components sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AUTO's valuation relative to its current sales and future earnings growth. AUTO trades at a Forward P/E ratio of 5.49x, which is considered fairly undervalued by analysts.
Max 2
Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. AUTO's P/CF ratio of 4.59x is considered healthy by analysts.●●
Max 2
Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. AUTO's EV/R ratio of 0.41x is considered extremely underpriced by the market The average EV/R ratio for the Automobiles & Components sector is 0.93x. ●●●
Max 3
Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of AUTO is IDR 2,530.42, which is 15% higher than AUTO's last closing price of IDR 2,210.00.●●
Max 3

Peers

AUTO Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
MASAMultistrada Arah Sarana Tbk54.91T7.51T 7.08T 0.87T 62.989.41
FILMPT MD Pictures Tbk.45.84T1.71T 0.35T 0.09T 495.5928.31
MSINPT MNC Digital Entertainment Tbk35.19T6.80T 2.97T 0.21T 171.186.14
MAPIMitra Adiperkasa Tbk31.26T24.58T 32.43T 2.10T 14.873.27
MAPAPT MAP Aktif Adiperkasa Tbk.28.93T9.24T 12.56T 1.41T 20.545.44
CNMAPT Nusantara Sejahtera Raya Tbk19.84T7.08T 0.88T -0.02T -811.294.46
ACESAce Hardware Indonesia Tbk16.26T7.43T 7.36T 0.80T 20.372.78
SMSMSelamat Sempurna Tbk11.20T4.52T 5.01T 0.90T 12.393.57
TRIOTrikomsel Oke Tbk11.08T0.09T 0.68T -0.11T -99.53-3.05
AUTOAstra Otoparts Tbk10.65T19.79T 19.17T 1.81T 5.900.83
Competitiveness Recap of AUTO stock
WeightNotesScore
High
At a market cap of IDR 10,651.60 billion, AUTO.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.
Max 2
High
At a PE of 5.90, AUTO.JK ranks 8 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is -10.70 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Consumer Cyclicals. In this regard, it trails behind sector leaders such as PT MD Pictures Tbk. (495.59) in the Consumer Cyclicals sector.
Max 2
Medium
At a PE of 5.90, AUTO.JK is trading at a lower PE than that of its subsector peers in Automobiles & Components (median of 6.92). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 19.17 trillion, AUTO.JK ranks 2 in Revenue out of 10 companies in the Consumer Cyclicals sector.●●
Max 2
Medium
At a profit of IDR 1.81 trillion, AUTO.JK ranks 2 in Profit out of 10 companies in the Consumer Cyclicals sector.●●
Max 2

Future

Future Growth of AUTO

Growth Forecasts

AUTO 2024 Revenue Growth
+13.9%
AUTO 2024 EPS Growth
+43.7%
Sector Revenue Growth
+1.2%
Automobiles & Components
Indonesia Market Growth
+12.0%
IDX overall growth
Automobiles & Components Sector Revenue Growth '24
+13.9%
Consumer Cyclicals Sector Revenue Growth '24
+33.1%

Sector Benchmark

Automobiles & Components companies in Indonesia are growing at a projected rate of 1.21% against the IDX average of +12.0%.

Automobiles & Components sector overview

AUTO Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of AUTO
WeightNotesScore
High
AUTO's projected growth rate of 1.21% is below the ID market average of 11.98%.●●●
Max 3
High
The Automobiles & Components sub-sector is projected to grow revenue by 13.89% in 2024. This number is higher than the previous year 2023's growth rate of 0.77%. This bodes well for AUTO's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Automobiles & Components sub-sector is projected to increase earnings by 43.74% in 2024. This number is higher than the previous year 2023's EPS growth of 32.27%. This bodes well for AUTO's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
AUTO and its peers in the Automobiles & Components sub-sector belongs to the Consumer Cyclicals sector. Companies in the Consumer Cyclicals sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 21.68% in 2024 while revenue growth is projected to increase by 33.11%. These macroeconomic trends will likely be a tailwind for AUTO's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Hamdani Dzulkarnaen Salim15.2 years
Lay Agus
Director
Kusharijono
Director
Wanny Wijaya
Director
Heru Harsana
Director
Tujuh Martogi Siahaan
Director
Ronny Kusgianta
Director
NamePositionShares%
No data is available for AUTO at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

AUTO Ownership

Others
17.67%
Insiders
80%
Institutions
2.33%
NameNumber of SharesOwnership (%)Value
Pt Astra International Tbk3,855,786,337808,521.29B
Public (Scripless)962,704,443202,127.58B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+5,468,280 shares
eQ Asset Management Oy
Bought 31-01-2024
+5,000,000 shares
PineBridge Investments Asia Limited
Bought 31-01-2024
+3,147,500 shares

Largest Institutional Sell

FIL Fund Management Limited
Sold 31-01-2024
-26,491,031 shares
Fidelity Investment Services Ltd
Sold 31-01-2024
-9,722,100 shares
Maybank Asset Management Singapore Pte. Ltd
Sold 31-01-2024
-3,776,200 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AUTO stock